Short Interest in Rogers Corporation (NYSE:ROG) Grows By 21.5%

Key Points

• Rogers Corporation experienced a significant increase in short interest, rising by 21.5% in August to reach a total of 750,800 shares.
• The company's stock is currently trading at $83.54, with a market capitalization of $1.51 billion and a negative PE ratio of -23.67.
• Rogers' latest quarterly earnings report indicated an EPS of $0.34, which was below the expected $0.50, although revenue exceeded projections at $202.80 million.

Rogers Corporation (NYSE:ROG - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 750,800 shares, an increase of 21.5% from the August 15th total of 618,000 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 232,000 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily trading volume, of 232,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.2% of the shares of the stock are short sold.

Rogers Stock Performance

Rogers stock traded up $1.70 during trading on Thursday, reaching $83.54. The company had a trading volume of 166,270 shares, compared to its average volume of 203,235. The firm has a market capitalization of $1.51 billion, a PE ratio of -23.67 and a beta of 0.51. The firm's 50-day simple moving average is $73.89 and its 200 day simple moving average is $69.42. Rogers has a 1-year low of $51.43 and a 1-year high of $114.05.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.16). The company had revenue of $202.80 million for the quarter, compared to analysts' expectations of $198.75 million. Rogers had a negative net margin of 8.14% and a positive return on equity of 3.04%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. Analysts anticipate that Rogers will post 3.57 EPS for the current year.

Institutional Investors Weigh In On Rogers

Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Rogers during the second quarter worth about $89,111,000. Neuberger Berman Group LLC lifted its stake in Rogers by 5.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,025,716 shares of the electronics maker's stock worth $69,267,000 after purchasing an additional 53,093 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Rogers by 38.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker's stock worth $40,863,000 after purchasing an additional 165,174 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Rogers by 1.0% in the second quarter. Geode Capital Management LLC now owns 420,556 shares of the electronics maker's stock valued at $28,803,000 after purchasing an additional 4,240 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Rogers by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 254,306 shares of the electronics maker's stock valued at $17,173,000 after purchasing an additional 11,392 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.

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